Tampa, Florida Opportunity Zones
Florida Opportunity Zones

Number Of Census Tracts 124

Number Of QOZs 27

Percent Of Census Tracts 21.77%

Number Of LICS 27

Tampa lies in the state of Florida which does not tax capital gains. Federal tax provisions regarding the dismissal of deferral of capital gains taxes have no effect at the state or city level.

Out of the 124 census tracts that exist within, or partially within the city of Tampa 27 have been designated eligible for Qualified Opportunity Fund investment. This represents approximately 21.77% of the census tracts in the city. Of the zones that are eligible, 27 qualify as a low-income community. This means the poverty rate was above 20%, or that the median household income was below 80% of the state or metropolitan area’s median household income.

The remaining zones qualified as contiguous, meaning they were located adjacent to an eligible tract, and the median household income did not exceed 125% of that eligible tract. Tampa lies in the state of Florida which automatically conforms to the federal tax code as it is amended. Both the city and state have adopted the new Qualified Opportunity Zone provisions. Florida has 427 opportunity zones, which means Tampa contains 6.32% of the Qualified Opportunity Zones that exist within the state.

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Source: 2011-2015 American Community Survey 5-year estimates
Source: Community Development Financial Institutions Fund - Opportunity Zones Resources
Source: Novogradac Opportunity Zones Resource Center - Personal Income State Tax Code Conformity as of October 2019

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